RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S3

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

55317030

Loan against house property

RBI / 2004/214

UBD. No. BPD. 47 /12.05.10(WA)/ 2003-2004

May 24, 2004

The Chief Executive Officers of All Primary (Urban) Co-operative Banks

Dear Sir,

Loan against house property

Certain instances of housing loans granted against mortgage of house property the value of which has been shown to be unrealistically high, have come to our notice. In such cases, the possibility of banks incurring a loss in the event of a need arising to recover the loan through disposal of the security is very high. All the primary (Urban) co-operative banks are, therefore, advised to exercise due caution with regard to valuation as well, while sanctioning loans and advances against mortgage of house property. Further, whenever instances of valuers having inflated the value of a property come to notice, suitable action should be taken against them.

Please acknowledge receipt of this circular to the Regional Office concerned.

Yours faithfully,

Sd/-

(N.S.Vishwanathan)

Chief General Manager

 


RbiTtsCommonUtility

प्ले हो रहा है
સાંભળો

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

રિઝર્વ બેંક ઑફ ઇન્ડિયા મોબાઇલ એપ્લિકેશન ઇન્સ્ટૉલ કરો અને લેટેસ્ટ ન્યૂઝનો ઝડપી ઍક્સેસ મેળવો!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

શું આ પેજ ઉપયોગી હતું?